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Saudi AI firm Humain invests US$3b in Elon Musk’s xAI
RIYADH, Feb 19 — Saudi Arabia’s state-backed artificial intelligence firm Humain said Wednesday it had invested US$3 billion (RM11.7 billion) in US billionaire Elon Musk’s xAI. The investment made Humain a “significant minority shareholder”, the company said in a statement.
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Bursa Malaysia continues upward trend, banking stocks lead gains
KUALA LUMPUR, Feb 19 — Bursa Malaysia continued its upward trend, closing higher on Thursday due to positive market sentiment driven by stronger-than-expected macroeconomic data. The bourse also benefitted from gains on Wall Street overnight and firmer regional markets. The
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Hot noodles, hotter fight: Samyang moves to protect Buldak abroad amid global copycats
SEOUL, Feb 19 — Samyang Foods Inc, known for its globally popular Buldak spicy ramyeon, said Thursday it plans to register an English trademark for its Buldak brand in response to a surge in counterfeit products overseas, Yonhap News Agency
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EcoCeres: Johor’s RM1.95b sustainable aviation fuel plant to boost Malaysia’s low‑carbon aviation role
JOHOR BAHRU, Feb 19 — Malaysia has strengthened its position in the global low-carbon aviation fuel supply chain with the commissioning of a US$500 million (RM1.958 billion) sustainable aviation fuel (SAF) facility in Tanjung Langsat, Johor. The development by Hong
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Duopharma Biotech shares rise on RM52.54m govt contract
KUALA LUMPUR, Feb 19 — Duopharma Biotech Bhd’s shares rose during the early trading session today, after its unit received a letter of award (LOA) from the government for the supply of medical products worth RM52.54 million. At 9.49am, the
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Luxury stocks’ volatility highlights AI jitters, hedge fund positioning
PARIS, Feb 18 — As luxury companies like LVMH and Gucci-owner Kering struggle to recover from a two-year slowdown, they are navigating increasingly sharp share price swings stoked by hedge fund bets and investor nerves over AI-rattled markets. Sales of
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Trump touts ‘one very special word’ that makes Japan spend US$36b in America: ‘TARIFFS’
WASHINGTON, Feb 18 — President Donald Trump’s administration on Tuesday announced three projects valued at US$36 billion (RM140 billion) to be financed by Japan, including an oil export facility in Texas, an industrial diamonds plant in Georgia and a natural
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Germany, France make proposals to simplify EU financial rules, letter shows
BERLIN, Feb 17 — France and Germany have urged the European Commission to bring forward an ambitious “financial services simplification package” to make EU rules easier to navigate and less burdensome for firms, according to a letter seen by Reuters
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UK jobless rate hits decade high outside pandemic, boosting rate cut bets
LONDON, Feb 17 — Britain’s jobless rate edged up late last year to its highest in over a decade outside the pandemic period and wage growth slowed further, data showed today, adding to investor bets on a UK interest rate cut
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Tony Fernandes says AirAsia unit close to Nasdaq deal valuing firm at US$1.5b
KUALA LUMPUR, Feb 17 — AirAsia co-founder Tan Sri Tony Fernandes said the airline’s branding arm is nearing a deal for a backdoor listing on Nasdaq later this year that could value the new entity at about US$1.5 billion (RM7
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